Dispels myth that foreign aid doesn’t work in his annual newsletter
January 21, 2014
Bill Gates announced today that by 2035 there will be almost no poor countries left in the world.
Gates, the world’s richest man with a fortune of $78.5billion, used his annual letter from the Bill and Melinda Gates Foundation on Tuesday to criticize the belief that extreme poverty and disease are unsolvable, calling it a ‘harmful’ opinion.
The Microsoft tycoon, 58, dispels the ‘three myths’ which he claims hold back developing countries – that poverty is an endless cycle, foreign aid is a waste and saving lives leads to overpopulation.